Banks can borrow money from the central bank at an initial interest rate of 0 percent, subject to the condition that the money will be lent to consumers and businesses, not for mortgages or any speculative activity.

CAF (Corporacion Andina de Fomento) is the only development bank owned by Latin American countries. The bank in English is known as the Development Bank of Latin America or the Andean Development Corporation. It is headquartered in Caracas, Venezuela and lends only to members in this economically turbulent area.

China exports data for February was released on March 8 and weighed down the global stock market. Exports dropped at a faster pace of 25.4 percent year-on-year (yoy) following January’s decline of 11.4 percent yoy, a figure much worse than market expectations of a 14.5 percent contraction.

Welcome to the IPP Review! The IPP Review is an online forum on international public policy, with a focus on current affairs in Asia and around the world. We hope that you will enjoy the articles here, and we invite you not just to share your comments, but also to contribute articles of your own. (Please see our Call for Papers.)